Overview
What is The Wadsworth Older Adults Foundation?
The Wadsworth Older Adults Foundation is a nonprofit organization with a mission to actively contribute additional resources to the programs and services associated with the Wadsworth Center for Older Adults, or alternatively, the Soprema Senior Center. Their primary goal is to enhance and strengthen the offerings provided by these centers, ensuring they can continue to serve older adults effectively. The foundation's proactive approach aims to support the well-being and needs of senior citizens in their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating.
The Wadsworth Older Adults Foundation received a score of 67% from Charity Navigator, reflecting its Two-Star rating. This rating indicates a moderate level of accountability and financial health. Notably, the organization has a strong program expense ratio of 89.64%, suggesting that a significant portion of its funding is directed towards its programs rather than administrative costs.
However, the foundation has some weaknesses that impact its rating. Notably, it lacks independent board members, which can raise concerns about governance and oversight. Additionally, the organization is missing several key policies and documentation on its website, including a document retention policy and its tax form, which are important for transparency and public trust.
Despite these limitations, the foundation demonstrates strong financial metrics, including a low liabilities to assets ratio. The presence of a conflict of interest and whistleblower policy indicates some commitment to accountability and ethical governance, although the lack of independent oversight remains a point of concern.
This AI summary has been generated from information found on Charity Navigator.
Is The Wadsworth Older Adults Foundation legitimate?
The Wadsworth Older Adults Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Wadsworth Older Adults Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of The Wadsworth Older Adults Foundation?
The Wadsworth Older Adults Foundation is committed to being proactive in offering additional assistance to the programs and services associated with the Wadsworth Center for Older Adults, as well as Soprema Senior Center. Their mission is centered around providing supplemental support to enhance the offerings and services aimed at the elderly community. By doing so, they aim to contribute positively to the well-being and quality of life of older adults.
Who is the CEO of The Wadsworth Older Adults Foundation?
Teri Nicholas is the Trustee of The Wadsworth Older Adults Foundation.
What is the revenue of The Wadsworth Older Adults Foundation?
The Wadsworth Older Adults Foundation's revenue in 2022 was $63,612.
Who are the executives of The Wadsworth Older Adults Foundation and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for The Wadsworth Older Adults Foundation?
The Wadsworth Older Adults Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Wadsworth Older Adults Foundation
The Wadsworth Older Adults Foundation is committed to being proactive in offering additional assistance to the programs and services associated with the Soprema Senior Center. Its mission is centered around providing supplemental support to enhance the offerings of The Wadsworth Center for Older Adults, thereby contributing to the well-being and quality of life for the elderly population it serves. The foundation plays a vital role in strengthening the programs and services affiliated with the senior center, ensuring they can continue to make a positive impact in the lives of older adults.
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Impact
August, 2024
The Wadsworth Older Adults Foundation's impact is seen in its proactive approach to providing supplemental support to the programs and services affiliated with the Soprema Senior Center. By offering this support, the foundation directly contributes to enhancing the well-being and quality of life for older adults in Wadsworth, Ohio. Through its dedication to the mission of empowering and assisting seniors, the foundation plays a crucial role in promoting human services and fostering a thriving community for older adults.
This information is meant to be a general summary of The Wadsworth Older Adults Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $40
- Program Service Revenue: $6,968
- Gross Receipts: $67,575
Assets and Liabilities:
- Total Assets: $172,573
- Total Liabilities: $78
- Net Assets: $172,495
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SENIOR CARGIVER
Revenue
$3,228
CAFE
Revenue
$1,940
SENIOR PROM
Revenue
$1,680
NEWSLETTER
Revenue
$120
Organization Details
Founding Year
1975
Phone
(330) 335-1513Principal Officer
Teri Nicholas
Main Address
PO BOX 874, WADSWORTH, OH, 44282
NTEE Category
Code: P81 - Human services
If you are a representative of The Wadsworth Older Adults Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.